Cisco announced today its intention to acquire privately-held Springpath for $320 million in cash. The acquisition is expected to close in Cisco's first quarter of fiscal year 2018.
Springpath was founded in 2012 and has raised $34 million in funding from multiple venture capital firms, including New Enterprise Associates, Redpoint, and Sequoia Capital. Cisco has also been a financial investor in Springpath, with Cisco Investments leading Springpath's Series C round in 2015.
Rob Salvagno, Cisco's head of corporate development, commented that Cisco and Springpath have worked together since the company's founding in 2012, with expanded efforts beginning in 2016 as part of Cisco's HyperFlex converged infrastructure platform. Cisco updated the HyperFlex converged server infrastructure in March, providing new storage and performance features.
"By co-engineering Springpath's software with the Cisco Unified Computing System, we have delivered a fully integrated platform with HyperFlex and innovation at all layers of the data center stack," Salvagno stated. "This provides customers with the convenience and benefit of getting all the HyperFlex software and hardware from a single vendor."
The Springpath Data Platform is the company's flagship technology and uses the Springpath HALO data architecture. HALO — an acronym for Hardware Agnostics Log-structure Objects — enables pools of disparate resources across a server cluster to be delivered as converged infrastructure.
"HALO uniformly stripes all application data across all the servers in a cluster — independent of which server an application is located on," Springpath's product documentation states. "This helps applications to leverage all computing resources dedicated to Springpath Platform software."
The Springpath Data Platform for VMware product integrates with VMware's vSphere to help further enable and extend a hyperconverged infrastructure deployment.
"This acquisition is a meaningful addition to our data center portfolio and aligns with our overall transition to providing more software-centric solutions," Salvagno stated. "Springpath's file system technology was built specifically for hyperconvergence, which we believe will deliver sustainable differentiation in this fast-growing segment."
Sean Michael Kerner is a senior editor at ServerWatch and InternetNews.com. Follow him on Twitter @TechJournalist.